Decision details

Housing Revenue Account Budget 2024/25 and Housing Revenue Account Business Plan 2023-2053

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

RESOLVED that Cabinet recommended to Full Council to:

 

A    Approve the Housing Revenue Account (HRA) estimates as set out in Appendix A to the report.

 

B    Approve that tenant rents are increased by 7.7 percent with effect from 1 April 2024. This equates to an average weekly rent of £112.20 an increase of £8.02 as set out in paragraph 2 of the report.

 

C    Approve that the rents and personal charges for temporary accommodation are increased with effect from 1 April 2024 as set out in paragraph 3 of the report.

 

D    Approve that garage rents within the ‘retain and invest’ category are increased by 5 percent with effect from 1 April 2024. This equates to an average weekly rent of £12.97, an increase of £0.62.  Also approve the proportionate increases for other garages, car ports and car spaces as set out in paragraph 4 of the report.

 

E     Approve that tenant service charges are increased to recover full cost with effect from 1 April 2024 (see paragraphs 5 to 7 of the report and Appendix C attached to the report).

 

F     Approve that the leasehold service charges are increased with effect from 1 April 2024 to ensure that all leaseholder costs are recovered (see paragraphs 8 to 11 of the report and Appendix C attached to the report).

 

G    Approve that all other tenant charges are increased with effect from 1 April 2024 in order to recover cost (see Appendix C attached to the report).

 

H    Approve the Housing Revenue Account Business Plan, as set out in Appendix B to the report.

Report author: Simon Freeman

Publication date: 19/02/2024

Date of decision: 15/02/2024

Decided at meeting: 15/02/2024 - Cabinet

Accompanying Documents: